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Jun 18, 2013
06/13
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because obama owes him. if you saw that interview, he didn't come out and say he's done a great job. it was a very strong answer. >> i heard off puzzling over the word supposed to in the last hour. i think you could sigh that what obama was saying, supposed to, longer than he was going. that's how you can interpret that. >> i think he said he stayed around longer than he thought and longer that he was supposed to. >> it was like the geithner thing. geithner wanted to leave. he kept him there longer. >> wouldn't bite the hand. >> no, i don't think so. >> but they may get to the end of a search process and decide there is no easy way to do this. he may go and ask the president again. the only caveat is you don't know what happens on the end of a phone call with the president asking you to remain in office. i think bernankeps to go. i think he's signaled that. i think that's where we're headed. >> just to get out before the actual paperwork starts. >> he owes him tichlt at this point. >> stheev, thank you. >> i
because obama owes him. if you saw that interview, he didn't come out and say he's done a great job. it was a very strong answer. >> i heard off puzzling over the word supposed to in the last hour. i think you could sigh that what obama was saying, supposed to, longer than he was going. that's how you can interpret that. >> i think he said he stayed around longer than he thought and longer that he was supposed to. >> it was like the geithner thing. geithner wanted to leave. he...
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Dec 9, 2013
12/13
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insurance agents are feeling left out of obama care. and the article uses the example of one agent who helped work with a hot line to pick a mid-level health plan. but refused to credit the man as an agent on the application, that means he wouldn't get his commission or be listed as the follow-up contact. then there's the story all over the place. cedar sinai aren't covered. the best -- they think they're too expensive -- and the journal, the deductibles on some of these of people that don't have a lot of access to money are going to be really, really high too. you know, the glitches on the obama care website, that's just -- that is the very first. but there's back end glitches too. >>> other washington stories this morning. this is the final week of 2013 where both houses of congress are scheduled to be in session at the same time. optimism for a budget deal. house and senate negotiators are reportedly putting the finishing touches on a compromise. to reduce the debt, to close tax loopholes to do anything to reform entitlement programs
insurance agents are feeling left out of obama care. and the article uses the example of one agent who helped work with a hot line to pick a mid-level health plan. but refused to credit the man as an agent on the application, that means he wouldn't get his commission or be listed as the follow-up contact. then there's the story all over the place. cedar sinai aren't covered. the best -- they think they're too expensive -- and the journal, the deductibles on some of these of people that don't...
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Oct 3, 2013
10/13
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president obama thinks so. he spoke exclusively to our john harwood. >> i think this time's different. i think they should be concerned. when you have a situation in which a faction is willing potentially to default on u.s. government obligations, then we are in trouble. and if they're willing to do it now, they'll be doing it later. >> we'll have more from john harwood and his interview with the president. that's coming up in a little bit. the government shutdown could result in furloughs as many as 5,000 workers at united technologies. the first 2,000 furloughs may come as soon as monday at the company's aircraft unit, which makes the blackhawk helicopter. the rest of the furloughs would come shortly after at other units with the defense department contracts. and the national retail federation is predicting a 3.9% increase in the holidays this year. but warning all bets are off if the government shutdown continues and consumers lose faith in the u.s. economy. >>> it is day three of the government shutdown wit
president obama thinks so. he spoke exclusively to our john harwood. >> i think this time's different. i think they should be concerned. when you have a situation in which a faction is willing potentially to default on u.s. government obligations, then we are in trouble. and if they're willing to do it now, they'll be doing it later. >> we'll have more from john harwood and his interview with the president. that's coming up in a little bit. the government shutdown could result in...
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Aug 9, 2013
08/13
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meantime, president obama will hold a news conference this afternoon at the white house before leaving for vacation on martha's vineyard. andrew? >> we got a couple of corporate stories to talk about. big one, the jpmorgan now reportedly close to reaching a settlement with security regulators over the so-called london whale trading losses. bruno iksil, he was the whale in some ways, he's not expected to face charges related to the incident. apparently, by the way, he's talking and made some kind of deal or may be making a deal with the s.e.c. the other component of this is that as part of whatever settlement the s.e.c. reaches with jpmorgan, they might have to admit some form of wrongdoing or some form of admission -- >> why would the s.e.c. cut a deal with that guy when he was the rogue trader doing things that the management at the bank -- >> unclear he was the rogue trader. it seems like what has happened is as the story developed that his boss and his boss' boss may have been more rogue than he was. not iona drew. >> a few layers -- >> a couple of layers in london and that may be w
meantime, president obama will hold a news conference this afternoon at the white house before leaving for vacation on martha's vineyard. andrew? >> we got a couple of corporate stories to talk about. big one, the jpmorgan now reportedly close to reaching a settlement with security regulators over the so-called london whale trading losses. bruno iksil, he was the whale in some ways, he's not expected to face charges related to the incident. apparently, by the way, he's talking and made...
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May 1, 2013
05/13
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president obama also set to make two key nominations today. he's reportedly chosen north carolina democratic congressman to head the finance agency. the regulator that oversees freddie mac and fannie mae. also said to be nominating tom wheeler to head the s.e.c. china manufacturing growth, unexpectedly slowed in april. the purchasing managers index came in at 50.6 in april, below estimates and down from 50.9 in march, that slowdown was led by a job in export. coming up next, much more from the president of the council on foreign relations, richard haass with a new book out. we'll talk about why he thinks the biggest threat from abroad may be in our own backyard. and fed policy makers wrapping up a two-day meeting today. investors will be listening for clues as for when the fed's money policy will end. and a lot more when we return. [ penélope ] i found the best cafe in the world. nespresso. where there is an espresso to match my every mood. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is made at home.
president obama also set to make two key nominations today. he's reportedly chosen north carolina democratic congressman to head the finance agency. the regulator that oversees freddie mac and fannie mae. also said to be nominating tom wheeler to head the s.e.c. china manufacturing growth, unexpectedly slowed in april. the purchasing managers index came in at 50.6 in april, below estimates and down from 50.9 in march, that slowdown was led by a job in export. coming up next, much more from the...
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May 3, 2013
05/13
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and that's not including people going over 50 all with obama care. and januaridy is going to be on today and zandq why has pointed out that's a headwind, too. >> it's a problem when you run your program by telling sectors they to make certain expenditure owes their employees. >> it seemed like a good idea at the, cover everybody, everybody should be covered, it's a big expense. >> but the way you generate the tax revenue is important. when you generate the tax revenue, then you discourage firms to hire more employees. there's a lot of that going on. i think that needs a lot of rethinking. i just don't think that the politicians on either side of the aisle, i don't think they're paying attention to it. you look at the economy, it's performing very badly. the democrats are going after the democrats stuff. the republicans are going after the republican stuff. .up in of them are trying to get together. none of them say hey, this isn't working and that isn't working so let's get together and figure out something that will work. that's what they can't do s
and that's not including people going over 50 all with obama care. and januaridy is going to be on today and zandq why has pointed out that's a headwind, too. >> it's a problem when you run your program by telling sectors they to make certain expenditure owes their employees. >> it seemed like a good idea at the, cover everybody, everybody should be covered, it's a big expense. >> but the way you generate the tax revenue is important. when you generate the tax revenue, then...
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Jan 25, 2013
01/13
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what do you think of president obama? >> i like president obama. >> why? >> i think he follows a very different course and we had discussions here with the administrations and think tanks and so on, and there is a certain level of understanding that these discussions were very constructive, and frank, and we agreed upon several things. one thing is that the european recession is a threat for the global economy. and we have to move in another way. we have to follow what president obama is doing in the united states. >> are you a socialist? >> yes. >> okay. you like what the president's doing? >> you know, when sarah palin called him a socialist, even he considered it an insult. >> okay. because in europe, the meaning of the word is a little bit different. >> but your point is, we are on the right track here. >> yes. >> we're on the right track. >> yes. i would say liberals, you say socialist. >> i agree with you. >> thank you. >> thank you. >> when we come back we have more from andrew in davos including an interview with goldman sachs chief lloyd blankfein
what do you think of president obama? >> i like president obama. >> why? >> i think he follows a very different course and we had discussions here with the administrations and think tanks and so on, and there is a certain level of understanding that these discussions were very constructive, and frank, and we agreed upon several things. one thing is that the european recession is a threat for the global economy. and we have to move in another way. we have to follow what...
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Sep 16, 2013
09/13
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we asked who would obama choose? 58% to 30%, summers over yellen. who should obama choose? yellen, 56%, summers, 12%. john taylor got more votes than larry summers at 16%. in general, participants thought summers would be more hawkish than yellen, but their assumptions went further than monetary policy. bernanke and former vice chairman don cohen in ten categories. the overall score, summers finished last behind bernanke, yellen and cohen. political and communication skills, monetary policy expertise, that was a slam dunk, yellen over summers. respect from other international financial officials, ability to manage a financial crisis and banking regulatory expertise. summers was graded higher in only inflation and expertise. it wasn't a knock against summers, the market graded yellen higher than summers. >> financial markets and inflation. those might be the two i'd put at the top of the list. >> to go with the flow and being all about price stability instead of this dual mandate which we see they can try and try and try. going nowhere, fast. >> your point is you would want
we asked who would obama choose? 58% to 30%, summers over yellen. who should obama choose? yellen, 56%, summers, 12%. john taylor got more votes than larry summers at 16%. in general, participants thought summers would be more hawkish than yellen, but their assumptions went further than monetary policy. bernanke and former vice chairman don cohen in ten categories. the overall score, summers finished last behind bernanke, yellen and cohen. political and communication skills, monetary policy...
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Jan 31, 2013
01/13
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. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company money. you had a light increase in inventory compared to the first quarter. that takes some of gdp away. you know you're not going to have that consumer spending for consierms going forward. you have declines in both exports and imports and that had a solid impact on gdp. but you have to be concerned about what's going to happen with exports and, of course, st weak imports. you have to be concerned about that being weak. they're not negative year over year yet, but the flows have slowed down and having declining exports and imports really a bad sign for the economy. i look at the things that gdp have to do with trend. it's
. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company money. you had a light increase in...
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Nov 15, 2013
11/13
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but obama care's nonfix. you still can't keep your plan, but democrats get political cover for 2014. >> i think everything that washington has done to this point has been politics on both sides on this. nobody is trying to actually fix the problem. this was political, too. they tried to step ahead of the republicans. >> the democrats that are panicked are still want to do more to pretend that they really care about their constituents. >> well, this is like toss it back out and it's the insurance company's fault, yet there's nothing that gets done. >> rs, they've been working on re -- >> for months and months and months. >> to set them up and now it's like -- anyway, let's get to our chief washington -- is he our chief washington? >> yes, he is. >> if not, he should be. there he is. he gets up for -- >> you could wear a bow tie. >> he gets up for our show, washes his hair, and he's not a blow dryer guy. later in the day, it will look totally different than it looks right now, right? it's still wet, johnny boy.
but obama care's nonfix. you still can't keep your plan, but democrats get political cover for 2014. >> i think everything that washington has done to this point has been politics on both sides on this. nobody is trying to actually fix the problem. this was political, too. they tried to step ahead of the republicans. >> the democrats that are panicked are still want to do more to pretend that they really care about their constituents. >> well, this is like toss it back out and...
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Sep 24, 2013
09/13
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we are expecting president obama to speak some time after 10:00. we are already told by the white house he will talk about the removal of chemical weapons in syria. engagement with iran, the mission being, of course, for them to abandon their pursuit of a nuclear bomb and then the pursuit of peace in the middle east. much sought after and never achieved. and yet in another demonstration of the pervasiveness and the influence of social media, his twitter account has been tweeting out pictures of his arrival here in new york. we expect him to speak later on today at the later session which starts a the 3:00, he's the seventh speaker, it's hard to know when he will speak, but those are the events of today. and we're waiting to see, will we get a picture? that could potentially move the oil markets. we might be overstating it, but i don't think so. back to you guys. >> i don't know what to make of this. >> oil's down 3% for the month, andrew. oil's down 3% for the month, partly because -- listen to this, libya production has gone from 150,000 barrels a
we are expecting president obama to speak some time after 10:00. we are already told by the white house he will talk about the removal of chemical weapons in syria. engagement with iran, the mission being, of course, for them to abandon their pursuit of a nuclear bomb and then the pursuit of peace in the middle east. much sought after and never achieved. and yet in another demonstration of the pervasiveness and the influence of social media, his twitter account has been tweeting out pictures of...
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Nov 13, 2013
11/13
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and what were you saying, that president obama said the same thing? >> well, he did say the same thing and it was also kind of irrelevant, which is why we haven't seen this so-called mystery fix that was being talked about. the reason that i said that is that there really isn't any practical way, without undermining the law itself, to fix this problem because, you know, you guys were talking a few minutes ago about unintended consequences of the law. what's happening right now, set the website aside. what's happening with these canceled policies is an intended consequence of the law. the law set out to substantially remake the individual market for insurance. and what we're seeing now is the result of that deliberate attempt. they are trying to open it up to people who couldn't get insurance before who were not insurable. they were trying to change the way that insurers were able to vary their rates by age and by sex and they were putting in minimum standards is. and the results of all of those things is what's happening in the individual market. unfo
and what were you saying, that president obama said the same thing? >> well, he did say the same thing and it was also kind of irrelevant, which is why we haven't seen this so-called mystery fix that was being talked about. the reason that i said that is that there really isn't any practical way, without undermining the law itself, to fix this problem because, you know, you guys were talking a few minutes ago about unintended consequences of the law. what's happening right now, set the...
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Sep 25, 2013
09/13
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senator cruz wants to defund obama care. the tweet last week said i didn't go to harvard or princeton, but i can count. this is a tactic that will fail and weaken our position. joining us now is senator bob corker. you're in favor of defunding but don't approve of this tactic. is that correct? >> all of us are concerned about policies put forth. we may get a delay in individual mandate, have the employer mandate delay already. possibly i think you know subsidies going to individuals, you cannot verify income yet. to me that's a problem. again, i think there's been a difference in view as to you how to go about this. i think everyone truly is very concerned about how this is going to affect individuals and the economy and companies. we've seen that with more part time workers, with companies worried about going over 49 employees and being called up in this. we've had discussions about tactics. you expect that i think. we are where we are. hopefully something good can come out of this. >> senator, let me ask you. the idea of m
senator cruz wants to defund obama care. the tweet last week said i didn't go to harvard or princeton, but i can count. this is a tactic that will fail and weaken our position. joining us now is senator bob corker. you're in favor of defunding but don't approve of this tactic. is that correct? >> all of us are concerned about policies put forth. we may get a delay in individual mandate, have the employer mandate delay already. possibly i think you know subsidies going to individuals, you...
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Feb 13, 2013
02/13
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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Jun 7, 2013
06/13
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obama care. this looming -- he called it and it almost sounded like the movie, the curt russell, the thing. we love your honesty, we do. >> you guys are losing your minds. i don't know why i'm on here. >> austin, thank you. i appreciate your coming on. >> two bearish again, austin. he kicked your butt again. >> i got the unemployment rate right. >> you did. >> gentlemen, thank you. >>> coming up, jobs and tech. founder and ceo of of cypress semiconductor. [ male announcer ] with free package pickup from the united states postal service a small design firm can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ just like a tablet. so easy to use, it won a best of ces award from cnet. and it comes inside this beautifully crafted carrying case. introducing the all-new 2014 chevrolet impala with the available mylink system. ♪ [ beeps ] ingeniously connecting you to your life and the road. that's american ingenuity to find new road
obama care. this looming -- he called it and it almost sounded like the movie, the curt russell, the thing. we love your honesty, we do. >> you guys are losing your minds. i don't know why i'm on here. >> austin, thank you. i appreciate your coming on. >> two bearish again, austin. he kicked your butt again. >> i got the unemployment rate right. >> you did. >> gentlemen, thank you. >>> coming up, jobs and tech. founder and ceo of of cypress...
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Jan 29, 2013
01/13
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now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs the question, where do you wear a shirt that needs a jacket to cover it up? >> because it's a different look and it gives us something going on there. i get that. >> you're behind the shirt, but you never to cover it up. >> basically, if you have too many checks, it looks like a picnic table. >> it does. >> that's back to the original question, why buy a shirt that looks like a picnic table clothe. >> i'm with him. i have some things that i have to put a sweater over because it's too much. >> you want it to peek out, but not take over. >> it's a team. >> go like this. >> we know he's a little bit of a tease. being here every morning with him, it happens a lot. it happens a lot. and an
now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs the question, where do you wear a shirt that needs a jacket to cover it up? >> because it's a different look and it...
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Sep 6, 2013
09/13
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it seeps owe baeems obama was n completely isolated. back to you. >> steve sedgwick, thank you. >> in the corporate target of the morning, the ford ceo playing down reports that he could, get this, leave ford earlier than expected. a lot of people aren't sure he'll be there forever. but was speaking on cnbc earlier this morning. >> clearly focused on ford and we have a great partnership with microsoft as you pointed out. they helped us and partnered with us and developed the original sync system. we look forward to continuing that relationship but i absolutely love serving our ford. >> reuters reported that the ford board of directors is open to letting him step down earlier than expect as he explores other roles. >> to quote. >> the ford boss has been mentioned as a possible candidate for the microsoft ceo position. >> that's the first i've heard that. that's interesting. >> it came up he might be -- well, andrew is the first to float it in his -- but it was -- he has a house in seattle. >> he does. >> he's been doing the commute. >> c
it seeps owe baeems obama was n completely isolated. back to you. >> steve sedgwick, thank you. >> in the corporate target of the morning, the ford ceo playing down reports that he could, get this, leave ford earlier than expected. a lot of people aren't sure he'll be there forever. but was speaking on cnbc earlier this morning. >> clearly focused on ford and we have a great partnership with microsoft as you pointed out. they helped us and partnered with us and developed the...
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Nov 18, 2013
11/13
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so talk about obama care. i expect we'll get some straight answers from you, although the numbers are -- i mean, i look at them. am i missing a decimal point? >> delaware's a small state. >> right. >> 136 people? is that a joke? >> it's been a challenge, there's no question about it. >> no baghdad bob stuff. don't be sebelius here. people are interested. 136 people. how many people in the state? >> 35,000 people. >> okay. so 136,000 divided by 35,000 is what we're talking about. you lost 12,000. that's going the wrong way. so far, you've got 136 new, does that -- is that 11,000 and change that have lost their insurance? that's going the wrong way. >> well, i think everybody admits it's going in the wrong direction. and there's no question, the most important thing is to get the website fixed, number one. but number two, i mean, we've actually taken a number of steps to make sure, for example, that people who can't qualify for the subsidy can go to our website and go to the insurers. at our website they can com
so talk about obama care. i expect we'll get some straight answers from you, although the numbers are -- i mean, i look at them. am i missing a decimal point? >> delaware's a small state. >> right. >> 136 people? is that a joke? >> it's been a challenge, there's no question about it. >> no baghdad bob stuff. don't be sebelius here. people are interested. 136 people. how many people in the state? >> 35,000 people. >> okay. so 136,000 divided by 35,000 is...
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Nov 19, 2013
11/13
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you were in the obama administration under what capacity? >> undersecretary for economic growth. >> for economic growth but you were also in the clinton administration. >> nixon, ford, carter, reagan, and most recently, obama. >> wow. >> wow. >> all the way back to the opening of china. >> nixon? >> yes. >> you don't look that old, bob. >> thank you. >> well, you were a young -- >> i was just out of graduate school. >> did you go to china? >> i went to china. >> with them? >> no, not with nixon, but i went with kissinger. >> you played ping-pong? >> i did. lost every time to the chinese, but it was fun. >> on purpose? >> i wish it'd been on purpose. >> let's talk about earnings news this morning, as well, best buy earned 18 cents a share for the third quarter. when you exclude certain items, that was 6 cents better than the street was expecting. revenue was also above the forecast. but the stock is under some pressure this morning because the company was warning about its profits margins in this quarter. they were talking about all of their
you were in the obama administration under what capacity? >> undersecretary for economic growth. >> for economic growth but you were also in the clinton administration. >> nixon, ford, carter, reagan, and most recently, obama. >> wow. >> wow. >> all the way back to the opening of china. >> nixon? >> yes. >> you don't look that old, bob. >> thank you. >> well, you were a young -- >> i was just out of graduate school....
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Mar 28, 2013
03/13
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. >> john, is obama care on your radar screen? i saw some comments and a couple individual states talking about how much just by definition, because you know, a lot of people have not had coverage that's going to be much more extensive than they had before. are rates going to just shock people at where some of these -- i mean, claims are supposed to come up. they will be passed along with people with the policies. the numbers are 30%, 40%, 50% increases. that's going to shock some people, isn't? >> yes. i was talking with lobbyists for the health insurance companies the other day. they have been trying to work with administration regulators to smooth out some things they say will make rates go up. and, you know, the regulatory things that could be changed. for example, what is the difference -- the age differential that you can charge for older people as compared to younger people. there's mandates within the law that the health insurance companies think are unrealistic. so there's still some play in those elements. and i'm not su
. >> john, is obama care on your radar screen? i saw some comments and a couple individual states talking about how much just by definition, because you know, a lot of people have not had coverage that's going to be much more extensive than they had before. are rates going to just shock people at where some of these -- i mean, claims are supposed to come up. they will be passed along with people with the policies. the numbers are 30%, 40%, 50% increases. that's going to shock some people,...
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Oct 30, 2013
10/13
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and president obama speaking in boston. another story we'll be focused on this morning, the obama administration appears to have passed up offers for amazon and microsoft to help fix the government's healthcare.gov website b. an october 7th inquiry from amazon subsidiaries. in the meantime, microsoft contacted hhs and the white house with offers of technical expertise and assistance, but the company has not provided any such services at least at this point. >>> coming up, we're going to do reviews of our own. we have reviews of apple's new ipad. >> you have it? >> i don't have it. i've seen it. >> do you guys have air? >> it's pretty amazing. >> we have it coming up in the next segment. >> it seems like all minor things to me. >> it's a little lighter, a lot monster. >> 3-d games are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's goi
and president obama speaking in boston. another story we'll be focused on this morning, the obama administration appears to have passed up offers for amazon and microsoft to help fix the government's healthcare.gov website b. an october 7th inquiry from amazon subsidiaries. in the meantime, microsoft contacted hhs and the white house with offers of technical expertise and assistance, but the company has not provided any such services at least at this point. >>> coming up, we're going...
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Oct 4, 2013
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that republicans want to improve obama care, straighten out obama care. if you have somebody that says they want to strangle your baby and then they come back and say, no, they just want to comb the hair. don't let them near the baby. >> let me take you gentlemen to the default issue. the budget is one thing, a lot of people have shrugged that off although it does have a serious impact on plenty of people's lives. what the politicians and business leaders, the markets are all worried about is the idea of a debt default. now, there is the front page of the "new york times" today that says john boehner has privately said he will not allow the nation to default. do you agree with that position? >> right. and actually, we passed a bill a couple months ago called the full faith and credit act which would have made it an impossibility for the government to ever default on the sovereign debt. the "wall street journal" mentioned it in an editorial yesterday. i think the senate should pass that. that was attached to our initial cr. default on sovereign debt. i thi
that republicans want to improve obama care, straighten out obama care. if you have somebody that says they want to strangle your baby and then they come back and say, no, they just want to comb the hair. don't let them near the baby. >> let me take you gentlemen to the default issue. the budget is one thing, a lot of people have shrugged that off although it does have a serious impact on plenty of people's lives. what the politicians and business leaders, the markets are all worried...
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Oct 16, 2013
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he would like to see a year extension on obama care. >> it was 16 points. i think it's ten now or something. some of the tweeting, i don't know, that was such a tempest in a teapot. i don't care who tweets me, i ain't tweeting back. >> i actually -- i used to follow cory booker, but he tweets so much i unfollowed him because i couldn't 1257bd the amount of stuff coming out every day. >> i didn't realize that. then there was something in the paper that he hadn't lived in newark. >> that was false, i think. >> the video might have been false. i think he does live in new jersey. but anyway, we have a final story here this morning, one of my favorites. a surprise at the end of the laugh night's dinner, opening the summit, warren buffett, the man who is with us, making an appearance with glenn close. ♪ and let you break a little that's the story of that's the glory of love ♪ >> so, warren, how did that happen? we love glenn close. >>. ♪ cry a little >> guys, this was the thing that brought the house down last night. there was a surprise appearance. glenn c
he would like to see a year extension on obama care. >> it was 16 points. i think it's ten now or something. some of the tweeting, i don't know, that was such a tempest in a teapot. i don't care who tweets me, i ain't tweeting back. >> i actually -- i used to follow cory booker, but he tweets so much i unfollowed him because i couldn't 1257bd the amount of stuff coming out every day. >> i didn't realize that. then there was something in the paper that he hadn't lived in...
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Oct 31, 2013
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most americans think obama care needs to be fixed or nicksed. meantime, the president's approval rating has sunk to an all-time low. it's thursday, october 31st, obviously. happy birthday, penelope. "squawk box" begins right now. ♪ >>> did morning, everybody. happy halloween and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we start things off on this halloween morning with the markets. this month, the dow, the s&p 500, the dow transports the russell 1,000. the russell 2,000 and the s&p 400 midcaps have all hit all-time highs. ten dow components have set multi year highs in october with seven reaching all-time highs. as for its year in the markets, volatility has fallen almost 18% this month. of course, the lineup has led some to question if things have gone too far too fast. pim pimco's bill gross on cnbc yesterday after the fed decision. >> the markets are bubbling and all asset prices are bubbling down. steve liesman has pointed out profit margins are bubbling. to the extent that any of
most americans think obama care needs to be fixed or nicksed. meantime, the president's approval rating has sunk to an all-time low. it's thursday, october 31st, obviously. happy birthday, penelope. "squawk box" begins right now. ♪ >>> did morning, everybody. happy halloween and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we start things off on this halloween morning with the markets. this month, the dow, the...
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Dec 4, 2013
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are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case going back to counter fact we don't know what the world would look like if obama care wasn't implemented. that's a tough argument to make. i just don't see it in the data. >> thanks for joining us this morning and bringing decent numbers along. >> yeah. i'm glad to do it. >> becky, back to you. >> all right. thank you. we'll see you back here soon. well done by steve and mark. >> generated above 200. >> way to go. >> you're doing it. heavy lifting. you go mark. >> he's just reporting that right? >> he's not making numbers up. he's just reporting the numbers he gets. >> that's the bls that makes it up.
are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case...
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Sep 27, 2013
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one of the defenses for obama care. well, the united states is the only country in the world that doesn't have socialized medicine. yeah, the united states of america used to be the only country in the world with personal liberty and success. see where that's gone. >> all right. >> but then the canadians are all oppressed because they have socialized medicine. going back to soup kitchens, it would not be something -- no political party is -- >> rick is saying we did have the best medical system -- the best health care -- >> he's talking about soup kitchens. >> he's joking around for the bankers. >> here's something i don't get about health care. one thing -- when i talk to executives, they don't want to do this anymore. there's a reason why companies began to -- began to provide health care. they want out. >> you see where they're going -- >> why isn't the republican party on board with helping the companies get rid of this burden. >> they're all going to the private exchanges, that's fine. >> that's fine. >> they're ok
one of the defenses for obama care. well, the united states is the only country in the world that doesn't have socialized medicine. yeah, the united states of america used to be the only country in the world with personal liberty and success. see where that's gone. >> all right. >> but then the canadians are all oppressed because they have socialized medicine. going back to soup kitchens, it would not be something -- no political party is -- >> rick is saying we did have the...
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Mar 13, 2013
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today president obama is going to meet with house gop leaders on capitol hill. house speaker john boehner then expected to hold a news conference at 1:30 eastern time. house budget committee chairman paul ryan outlined had his party's plans on "the kudlow report" last night. >> hopefully we get a down payment on the problem. we balance the budget and pay off the debt in our budget. what we hope and what we think the republican majority is good for, if anything, is to get a down payment on the problem. balancing the budget is not an end of itself. it's an means to the end. we want to revival upper mobility and growth in this economy. >> senate democrats are going to release their own spending plan after calling the republican proposal unacceptable. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselv
today president obama is going to meet with house gop leaders on capitol hill. house speaker john boehner then expected to hold a news conference at 1:30 eastern time. house budget committee chairman paul ryan outlined had his party's plans on "the kudlow report" last night. >> hopefully we get a down payment on the problem. we balance the budget and pay off the debt in our budget. what we hope and what we think the republican majority is good for, if anything, is to get a down...
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Nov 6, 2013
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he was looking for a way to try to take barack obama down. there's no doubt the democratic billionaire res going to want to play in the next race and it's going be super rough. >> what's not true about his relationship with reverend rice? what's ugly about -- it was factual for 20 years. i don't understand that. >> well, i think many people would say it would have been a relatively ineffective. >> but it's not like it's hearsay or not factual. >> you think if you want to look at the proposal that they wanted to run and the ad, it's the tone of the ads, not the fact that he had a relationship with reverend rice. >> andrew referred to it as ugly in the idea that you would bring up reverend rice. maybe andrew should have brought it up more. >> andrew saps has a sense of frailty. >> he does. we have to deal with that. >> the book, "double down," congratulations on it. we'll talk to you soon. >> thank you. >>> coming up, what do twitter and .obama care have in common? they both mean big business and money for our next guest. afghanistan in 2009. o
he was looking for a way to try to take barack obama down. there's no doubt the democratic billionaire res going to want to play in the next race and it's going be super rough. >> what's not true about his relationship with reverend rice? what's ugly about -- it was factual for 20 years. i don't understand that. >> well, i think many people would say it would have been a relatively ineffective. >> but it's not like it's hearsay or not factual. >> you think if you want to...
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Oct 2, 2013
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can you in your wildest dreams imagine president obama and mitch mcconnell or president obama and john boehner looking anything like that body language wise? >> how about this one, right when reagan was shot, the first guy in to see him, because jim baker was the super chief of staff, that guy on the right with the white hair went in to see reagan, the first guy in to see him and they kneeled down with reagan and they played the 23rd psalm together. and he kissed reagan on the forehead and said get well, buddy. it was a really interesting relationship. tip was reagan's envoy to meet with gorbachev at the time. he was the one with the letter. he went over and vouched for reagan. a lot of this stuff is coming out in the book. but it was different. it really was different back then. >> i keep wondering, is there any back door communication between the staff, between the speaker and -- not with us. all i can tell you is i kept this lernlg book, this only 1960s ledger book of everything that happened in those years. mike was the power of the speakers. later when mike got in trouble with the
can you in your wildest dreams imagine president obama and mitch mcconnell or president obama and john boehner looking anything like that body language wise? >> how about this one, right when reagan was shot, the first guy in to see him, because jim baker was the super chief of staff, that guy on the right with the white hair went in to see reagan, the first guy in to see him and they kneeled down with reagan and they played the 23rd psalm together. and he kissed reagan on the forehead...
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Oct 29, 2013
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meanwhile, nbc news says the obama administration knew that obama care would force people out of their current coverage. joining us now, congressman chris van hollen, ranking member of the house budget committee. it's -- chris, it's a huge undertaking. and, you know, i know that with the best of intentions, all these things were possible when you try and do something like this. you weren't around either. i don't remember when lbj introduced a lot of the programs, but they had to have growing pains too. medicare part -- the prescription drug, that had some pains too. but they all seem to be happening at once. the glitch and now this. this seems even worse than normal. would you characterize it otherwise? >> are you talking about the rollout of the exchanges? or are you talking about the most recent nbc report? are you talking about the whole thing? >> that's my point. that's the problem. pick your problem. >> well -- >> pick your poison. >> well, a couple things. first of all, as you know, a lot of the affordable care act was already in place before october 1st. all the provisions that
meanwhile, nbc news says the obama administration knew that obama care would force people out of their current coverage. joining us now, congressman chris van hollen, ranking member of the house budget committee. it's -- chris, it's a huge undertaking. and, you know, i know that with the best of intentions, all these things were possible when you try and do something like this. you weren't around either. i don't remember when lbj introduced a lot of the programs, but they had to have growing...
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this will be another headache for president obama. he's trying to round up international support for a military strike on syria as payback for that country's use of chemical weapons on its own people. it's suspect that's deeply unpopular among many countries in the world and no more so than with vladmir putin, who is the host of the g20 this week. slatd mir putin just yesterday said secretary of state john kerry has been lying to the american people when john kerry says that he is fully confident that they're not many members of al qaeda or al qaeda sympathizers among the rebel group in syria, putin saying that's a lie and kerry knows it. that's the kind of atmosphere the president will face here as he meets with world loaders, adding another layer of complication to that. the brazilians at the g20 are demanding an apology for nsa spying in that country. that came forward as the result of the disclosures from edward snowden, the nsa leaker, who, of course has been harbored by president putin in russia, hasn't been seen since he landed
this will be another headache for president obama. he's trying to round up international support for a military strike on syria as payback for that country's use of chemical weapons on its own people. it's suspect that's deeply unpopular among many countries in the world and no more so than with vladmir putin, who is the host of the g20 this week. slatd mir putin just yesterday said secretary of state john kerry has been lying to the american people when john kerry says that he is fully...
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>> it's really that much different than obama care? you're sure? >> yes. >> really? >> yes. >> we're pretty -- our idea is why not take for the preschool program, take 10%, why not pay for solar energy and alternative energy development? why not pay -- if obama gets started on this -- >> joe and i have agreed that we're going to compensate -- what do you want to see, 20%? >> we'll start at 20. we'll start at 20. >> as we spend it all, we're going to need more. we're going to need the preschool, we're going to need solar energy. >> i thought i was completely wrong this what it was. >> it's an island, isn't it? >> it's an island. >> but it shows you how interconnected it is. >> i know. and fait accompli, he said i got there and is they were doing it. >> what if you found out that your bank got taken over by the fdic and the insurance that you thought protected your money was not there, that it was wrong? that's the problem. >> and by the way, 10% of your money is gone, too. >> explain to the eurozone just waking up exactly what -- >> carolin is going to do that suppose
>> it's really that much different than obama care? you're sure? >> yes. >> really? >> yes. >> we're pretty -- our idea is why not take for the preschool program, take 10%, why not pay for solar energy and alternative energy development? why not pay -- if obama gets started on this -- >> joe and i have agreed that we're going to compensate -- what do you want to see, 20%? >> we'll start at 20. we'll start at 20. >> as we spend it all, we're going...
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for obama, it is a clear choice. he should pick yellen. >> i think janet was a hawk in the mid-'90s. >> clear need for using him. >> don't have to hang on her. you think that too. >> i don't know if it is relevant. i'm telling you what i think janet thinks. >> i know you are. but you're not telling what you think she thinks in a way that i'm telling you and she thinks this. >> i agree with her, but keep listening to the other side and i don't hear a good argument on the other side. i keep listening. i keep asking the questions. >> i'm with you. let's just do it forever and go to -- >> the committee decided that tapering could come sooner rather than later. is she not in -- in thinking with that consensus. you think she's an outliar? >> i think she's less concerned about the costs of qe than probably your average f omc member now. >> let's see if we argue it out. let's see if the economy gets strong enough to where they hit the targets they set, unless they change the target. >> i think they'll get out. we have the di
for obama, it is a clear choice. he should pick yellen. >> i think janet was a hawk in the mid-'90s. >> clear need for using him. >> don't have to hang on her. you think that too. >> i don't know if it is relevant. i'm telling you what i think janet thinks. >> i know you are. but you're not telling what you think she thinks in a way that i'm telling you and she thinks this. >> i agree with her, but keep listening to the other side and i don't hear a good...
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i worry one of the reasons was obama care. i worry about getting employment ever back to where it used to be and if you don't, they basically have a license to do this perpetually if we don't. i initially thought the market might go up today based on this would help employment prospects and job prospects, but then -- now it is down and i think that's because it increases the democrats' chances in 20 -- >> it also increases -- it also increases just the level of uncertain uncertainty. >> it does. i know companies still don't know. >> now we don't know another year. now we don't know if it will get repealed, what is going to happen. i'm just telling you. >> the economy is getting better. >> that's got news. >> it could be getting -- >> yeah. >> fair enough. i'm feeling like a bug today. my whole life i've turned into an insect. check out google. franz kafka, most famous -- >> i hate that book. >> have you played -- >> you know, john, i'm glad you brought that up -- >> i don't think that's appropriate. >> i don't think would be t
i worry one of the reasons was obama care. i worry about getting employment ever back to where it used to be and if you don't, they basically have a license to do this perpetually if we don't. i initially thought the market might go up today based on this would help employment prospects and job prospects, but then -- now it is down and i think that's because it increases the democrats' chances in 20 -- >> it also increases -- it also increases just the level of uncertain uncertainty....
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Sep 20, 2013
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but that is not the fault of obama care. those trends were in place ever since 1970 when we were spending 5%, a little over 5%. >> brian, have you seen any changes in your businesses or the businesses that you give loans to? any impact from obama care? >> well, i think just that the need to figure something out. when you're a company like ours that has 250,000 plus employees and has an hr team that's wonderful and has several thout thousand people, they can figure out how all these rules work. but if i'm running a 25-person manufacturing firm or a 50-person manufacturing firm, to figure out how it works, all this has an impact. so he think it's more that element than anything else. we're self-insured. so if we can save money and provide our employees better health care for less dollars, that's great. i think the affordable care act, the debate around it has focused business on how much this is really costing them. and we're all working. at the end of the day, that's why we exist. so we were trying to -- it's in my best inter
but that is not the fault of obama care. those trends were in place ever since 1970 when we were spending 5%, a little over 5%. >> brian, have you seen any changes in your businesses or the businesses that you give loans to? any impact from obama care? >> well, i think just that the need to figure something out. when you're a company like ours that has 250,000 plus employees and has an hr team that's wonderful and has several thout thousand people, they can figure out how all these...
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president obama has said, of course, he supports the bill. and we'll see what happens. >>> also, twitter is backtracking after some changes so the site's blocking functionality. those changes were greeted with open revolt. reiters reports that executives rushed into a meeting last night after all the negative feedback surrounding tweaks to the block function that could prevent harassers from following them or interacting with their tweets. used to be you block somebody, they knew immediately they were blocked. the changes came in so that you blocked them but they never realized they'd been blocked so they kept tweeting along happily. the twittersphere didn't take kindly to that change. and now they're back to the old way where you block -- you block somebody and you know they're being blocked. >>> twitter shares this morning are indicated higher, up by about 1.6% to $56.23. >> that decision makes me -- the stock has done unbelievably well, and makes me wonder about the management at that place. to take away the gratification that users get fr
president obama has said, of course, he supports the bill. and we'll see what happens. >>> also, twitter is backtracking after some changes so the site's blocking functionality. those changes were greeted with open revolt. reiters reports that executives rushed into a meeting last night after all the negative feedback surrounding tweaks to the block function that could prevent harassers from following them or interacting with their tweets. used to be you block somebody, they knew...
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but obama rewards -- he's loyal. i think summers has been -- summers was in a much more centrist administration and, you know, clinton. clinton had a good record. >> i feel bad over the whole debate. i think it minimized and belittelled both yellen's and summers qualifications. >> and twisted them into almost clic cliches. >> ridiculous. >> caricatures of who they are. right. >> i think both of them are incredibly qualified. i think both of them would do a very good job. i think summers has gotten a bum rap. he has people attacking him from all sides. ben white wrote the committee to save the world from larry summers, that cover story of the committee to save the world. >> and the people in the center and right are saying the idea that one is less keynesian than the other is not -- larry will be plenty accommodative. >> he's been much more publicly outspoken. >> about qe, not other ways to spend money. >> infrastructure, right. >> not going to sit there and say, wow, we need -- he's not an austerity guy. that's for s
but obama rewards -- he's loyal. i think summers has been -- summers was in a much more centrist administration and, you know, clinton. clinton had a good record. >> i feel bad over the whole debate. i think it minimized and belittelled both yellen's and summers qualifications. >> and twisted them into almost clic cliches. >> ridiculous. >> caricatures of who they are. right. >> i think both of them are incredibly qualified. i think both of them would do a very...
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we're about to see the implementation of obama care right now. people who are making premiums now struggling. small businesses, employees, looking to see how they're going to get covered. it's going to be a real challenge, this administration. i think we have a lot of room for improvement on that. as far as the budget is concerned, i am in a wait and see mode whether this white house is very serious about coming together. >> it looks like it would be the same, implying the same day the president offered boehner last time. that's already gone through. that deal with 28% cap on deductions for the wealthy. so the same deal maybe on the entitlement side with additional taxes on the other side. >> the funny thing is, joe, there's a lot that the two sides agree on in washington. for the life of me i can't understand why we don't see the white house come forward and embrace things. >> you don't have to agree on everything. you do everything you want the last two years. >> what are the things you agree on? >> for instance, there's an article in the journ
we're about to see the implementation of obama care right now. people who are making premiums now struggling. small businesses, employees, looking to see how they're going to get covered. it's going to be a real challenge, this administration. i think we have a lot of room for improvement on that. as far as the budget is concerned, i am in a wait and see mode whether this white house is very serious about coming together. >> it looks like it would be the same, implying the same day the...
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or obama care, or dodd/frank. we're hearing all these things will cause us to grow below planned for years and years. is it possible that these come home to roost or is the economy that resilient? >> i think we're resilient. i think overseas will pull us up. i also think that certainty matters tremendously. when i speak with executives, look, i had paychecks right before we left, 870,000 small businesses rel on them. they couldn't figure out what the tax tables were. it allows you to be able to think about what you want to do. i think temporary help is going to be a big story in 2013 because of the changes in health care in 2014. >> i do need to tell you this joke, and this is not from me, and it took me a while to understand it, but what do you call 47 millionaires sitting around a tv watching the super bowl every year? >> this is the 47th super bowl, so i'm not quite -- >> what do you call 47 millionaires sitting around watching the super bowl year after year, the philadelphia eagles. >> jim, do you want me to h
or obama care, or dodd/frank. we're hearing all these things will cause us to grow below planned for years and years. is it possible that these come home to roost or is the economy that resilient? >> i think we're resilient. i think overseas will pull us up. i also think that certainty matters tremendously. when i speak with executives, look, i had paychecks right before we left, 870,000 small businesses rel on them. they couldn't figure out what the tax tables were. it allows you to be...
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>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing to do. >> it's across the board. 3%. >> it's not considered, right? >> it's just -- >> you are like the pope giving sex advice. you have no idea about what people do with hair. listen to me. do you know what a flowbee is? >> i don't. >> a flowbee is that vacuum cleaner -- >> where's barry? >> come on in there. >> where you put it on and it pulls your hair up and cuts an exact amount everywhere. >> i don't have any knowledge of that. >> i know you don't. >> -- for 1950s -- >> they talk about baldness like it's a sickness, like you've got a cure. >> that was how i showed -- because you hav
>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing...
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>> the obama administration is faced with an issue. the u.s. wants to show it's committed to democratic principles and committed to the rule of law and the rule of law and democratic principles were not followed in egypt. the country's military waged a coo against an elected president mohamed morsi. on the other hand, the u.s. government also doesn't want to be seen as going against the will of the egyptian people. what we saw over the course of the last week or two in europe was tens of millions of people going out into the streets against mohamed morsi. that's going to be very difficult for -- it's been very difficult for the u.s. government to reconcile these two objects of standing for rule of law and standing for democratic principles but at the same time not going against the will of the egyptian people. >> what ultimately is the answer? is there a carrot or stick involved in terms of how to work with either the military or whatever you think is supposed to be the next election process and how that goes? >> i do think if you saw the state
>> the obama administration is faced with an issue. the u.s. wants to show it's committed to democratic principles and committed to the rule of law and the rule of law and democratic principles were not followed in egypt. the country's military waged a coo against an elected president mohamed morsi. on the other hand, the u.s. government also doesn't want to be seen as going against the will of the egyptian people. what we saw over the course of the last week or two in europe was tens of...
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Dec 17, 2013
12/13
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and to me, qe is part in parcel of obama care. so we have a tiny publishing business much smaller than the "new york times." now, if our health care plan is yanked in january and there's rumors there's more of these cancellations coming. then, will my cost of living go up 20%, suddenly? is that going to contribute to a free and easy christmas shopping season? people say, oh, it's all about tapering. no, it's all about -- it's all about statism it seems to me. all about the suppression of market forces, the campaign to raise minimum wages, to administer health care costs under the government's edict. all of these things contribute to a very poor -- >> one thing that people seem like they can always point to as a -- you know, you just can't argue with this. and that's that the mortgage market and the housing market has healed more quickly because of what the fed has done. and it's recovering. and my question is, it's nice to put off pain and think of all the programs that the government tried to put in to ease the pain of the housin
and to me, qe is part in parcel of obama care. so we have a tiny publishing business much smaller than the "new york times." now, if our health care plan is yanked in january and there's rumors there's more of these cancellations coming. then, will my cost of living go up 20%, suddenly? is that going to contribute to a free and easy christmas shopping season? people say, oh, it's all about tapering. no, it's all about -- it's all about statism it seems to me. all about the suppression...
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Oct 8, 2013
10/13
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i think boehner isn't calling obama and obama's not calling boehner. it's stupid because i made the last call, i'm not doing it this time. >> we need reagan. chris matthews is right, look, i hate you but we have to go out for a beer. >> what's the reaction if we get a conversation but the conversation is let's put this off for a couple of weeks, we're going to increase the ceiling, call it a month. is that acceptable, is that less acceptable? >> that shows that there's willing to have bread broken. right now we just kind of feel like, well, there's lot of people who -- there was a great piece in the "washington post" about a congressman yolo from florida. the guy really wants to teach the american people a lesson and the government a lesson. that guy is not going to sit down with president obama but boehner can sit down with president obama. >> you don't think people are saying it's going to create more uncertainty? >> uncertainty, as my colleague david faber did yesterday, when you mention social security, that is uncertainty. there's a great graphic
i think boehner isn't calling obama and obama's not calling boehner. it's stupid because i made the last call, i'm not doing it this time. >> we need reagan. chris matthews is right, look, i hate you but we have to go out for a beer. >> what's the reaction if we get a conversation but the conversation is let's put this off for a couple of weeks, we're going to increase the ceiling, call it a month. is that acceptable, is that less acceptable? >> that shows that there's willing...
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Mar 21, 2013
03/13
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. >> obama care is a little bit to be defined. because of the number of employees, we're directly affected by that. we're still doing our analysis until sort of the dust settles. we don't know exactly what the impact will be on it. we like the idea of everybody having a choice and having health care. >> right. >> but we don't know what it is going to mean to your bottom line. >> while we deal with all of those, you know, obstacles, the revenue stream, the urban market that everyone sort of ignores because they feel they're a little risk adverse. i don't have that aversion. i feel this is wealth waiting to be mined. it's demonstrated by magic johnson. he did it the best. he showed that you can go into markets that you traditionally overlooked and will it be profitable. >> before i let you go, wendell, let's talk acting. you're part of the nbc family. >> i am doing a job with michael j. fox. i'm in the news business. i play his news director. i'm trying to get him to come back and working with his wife to get him back. it's going to
. >> obama care is a little bit to be defined. because of the number of employees, we're directly affected by that. we're still doing our analysis until sort of the dust settles. we don't know exactly what the impact will be on it. we like the idea of everybody having a choice and having health care. >> right. >> but we don't know what it is going to mean to your bottom line. >> while we deal with all of those, you know, obstacles, the revenue stream, the urban market...
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Jun 11, 2013
06/13
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fault. >> i'm sure it isn't all obama's fault. i'm sure. >> it's the markets in a -- >> you know i deal regulation. we're overregulated. >> i'm doing it again. andrew doesn't have a voice. >> i'm not chasing you on this one. it's a global slowdown issue and we could be doing a lot better. >> so that's real economy. how do you feel on the stockmarket right now? >> it seems to me loading -- let's take out our own situations? you go about here say i want to get out. it's too high. call the guy, talk to him. what can you get if six month bonds? 6 points. 6 basis points. how about 90 days? 3 basis points. >> equity -- >> you are driven. >> equity has driven historically high levels. nobody believes in it. see, the only reason i'd ask jack about the stockmarket is to get how most people feel about it right now. you would never portray yourself as someone who knows if the marks are high or low. >> no, he knows about the economy. we can try and indicate it for the stockmarket. like anybody else, no one is excited about the stockmarket rig
fault. >> i'm sure it isn't all obama's fault. i'm sure. >> it's the markets in a -- >> you know i deal regulation. we're overregulated. >> i'm doing it again. andrew doesn't have a voice. >> i'm not chasing you on this one. it's a global slowdown issue and we could be doing a lot better. >> so that's real economy. how do you feel on the stockmarket right now? >> it seems to me loading -- let's take out our own situations? you go about here say i want...
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Feb 1, 2013
02/13
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austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are you looking for? >> 180,000 jobs. and unemployment rate stays steady at 7.8%. >> you're a little ahead. >> what is consensus? >> 160 to 166 depending on which one, i think thompson was at 160. >> i actually think if you had done one overnight, i think it's crept up. i think the expectation on the street is a bit higher than this 166 right now. >> why is that? >> because of adp. because of a bunch of other things. people seem to have gotten a little more optimistic. i read about half a dozen reports this morning, they were all in the 180, 190 range. >> did the issue impact -- >> ever
austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are...
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Mar 8, 2013
03/13
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i mean, raised the possibility obama care might be hurting jobs. i know what you think that -- >> that is not what he sounded like -- >> can you imagine asking whether it's possible the obama care -- >> that was yesterday! that wasn't what he sounded like. >> now would be a good time for me to exit stage right. >> now that you stirred it up -- >> big story coming up. larry myers coming up with his annual who moved markets from the fed. >> all right. we'll -- that's actually -- >> very exciting story. >> you think it's only possible -- >> comments, questions about anything you see here on "squawk" e-mail us at squawk@cnbc.com you can also follow us on twitter. >> still reading these things? @squawkcnbc. that's our handle. >> up next a fresh face to "squawk" after what we've been going through already this morning. we welcome -- really. larry and steve. . ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily l
i mean, raised the possibility obama care might be hurting jobs. i know what you think that -- >> that is not what he sounded like -- >> can you imagine asking whether it's possible the obama care -- >> that was yesterday! that wasn't what he sounded like. >> now would be a good time for me to exit stage right. >> now that you stirred it up -- >> big story coming up. larry myers coming up with his annual who moved markets from the fed. >> all right....
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Jan 9, 2013
01/13
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bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because there's more transparency in china than there's ever been before. >> more pressure. >> a fair amount of pressure. >> that changes then what? in terms of the market. >> the chinese economy has done all righer last three years but the market has not. the surprise in that one is the chinese market, the shares appreciate 20%, that's the surprise. >> to politics, washington, number 5, surprise. you say the republicans will reverse their position and make a major effort to become leaders on immigration policy. explain. >> okay. the hispanic population of this
bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because...
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Feb 27, 2013
02/13
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president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for the middle class, 22% advantage for the democrats. on the issue of taxes which is traditionally a republican strength, democrats have a small advantage plus 3%. republicans on the flip side, who would do better at protecting a strong defense? 26% advantage for republicans. who'd do better at reducing the deficit? 6% advantage for republicans. so each side brings strengths to this issue. but president obama clearly has the high ground in terms of the bully pulpit and trying to put pressure on republicans. he hasn't been able to put enoug
president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for...
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Oct 17, 2013
10/13
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obama care has gone up in the polls. they don't want to go through that again. >> let's be clear, the big losers in this are the american people. thanks to this debt ceiling increase that was just impose dollars on the american people, dallas hidden tax to the tune of roughly $1,600 for every man, woman and child to extend the debate in two to three months. america will be weaker because of that additional half trillion dollars in debt burden that we're going to be suffering from and -- >> but you seem to have been prepared to go over the edge, right? >> well, no. i didn't want to. i wanted the financially responsible people like myself to get the financially irresponsible people to do the right thing to address the -- >> but barring that and given the fact considerings you were still willing to go. >> and, of course, the debt ceiling has nothing to do with the deficit. >> that is the only way in the world that we can get those who are financially irresponsible to address these issues. we have suffering from five consecu
obama care has gone up in the polls. they don't want to go through that again. >> let's be clear, the big losers in this are the american people. thanks to this debt ceiling increase that was just impose dollars on the american people, dallas hidden tax to the tune of roughly $1,600 for every man, woman and child to extend the debate in two to three months. america will be weaker because of that additional half trillion dollars in debt burden that we're going to be suffering from and --...